Home Equity Line of Credit FAQs


 

 Find answers to frequently asked questions about home equity loans or lines of credit. If you don’t see what you’re looking for, check our Help section.

What is home equity?

How does a home equity line of credit (HELOC) work?

What's the difference between a home equity line of credit and a home equity loan?

How do you come up with a value for my home?

When does the introductory rate on the home equity line of credit start? How long does it last?

How long does my home equity line of credit stay open?

How do I access the funds of my home equity line of credit?

What is the highest rate that a home equity line of credit can have?